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Sat 11 Nov 2008Serbia secures €407m IMF loan
SERBIA HAS become the latest eastern European country to seek support from the International Monetary Fund, securing a $516 million (€407 million) standby loan to help stabilise its economy and boost investor confidence.
Unlike Hungary and Ukraine, which want immediate access to huge IMF loans, Serbia says it will use the money only to avert any as yet unforeseen difficulties.
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